Real Estate News
- No one turned out for a public hearing on a local authorizing the Riverhead Town Board to pierce the property tax levy cap in 2017.
Walter delivers 2017 budget calling for 4.19-percent tax rate hike — $96 per year on the ‘average’ $350,000 homeRiverhead Town Supervisor Sean Walter delivered his 2017 town budget to the clerk and council members this morning and, as he told the board two weeks ago, it requires the town to pierce the tax levy cap in order to make ends meet. The supervisor’s tentative budget calls for $55.45 million in total spending in the ...
- Developer David Gallo of Georgica Green Ventures today unveiled his plans for a 118-unit apartment building with ground-floor shops and restaurants on McDermott Avenue in downtown Riverhead.
Retail on Route 58 continues to grow, as planners consider nearly 200,000 sq. ft. of new construction in two developmentsThe town planning board at its meeting tomorrow afternoon is set to approve a preliminary site plan for a 60,000-square-foot retail shopping center just west of Osborn Avenue and will have its first look at five more stores comprising 120,000 square feet on the Costco site.
Riverhead officials announce ‘tentative’ $45.6 million deal to sell its remaining 634 acres at former Grumman siteThe terms of the sale, which will close in stages over 18 months, include a nonrefundable $1 million down payment. The developer plans to build an industrial office park
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